The GBPJPY postpones the bullish attack – Analysis – 15-8-2022
Economies.com
2022-08-15 04:14AM UTC
The GBPJPY pair faced strong negative pressures recently due to stochastic crawl below 50 level, which pushed it to postpone the bullish attack and decline below 162.05 level, hinting its surrender to the negative trades now.
These factors besides the continuous fluctuation below the broken additional support allow us to expect some losses by attempting to crawl towards 160.90 followed by repeating the pressure on 50% Fibonacci correction level at 159.90.
The expected trading range for today is between 162.00 and 160.00
The expected trend for today: Bearish temporarily
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